Canaccord downgraded Corus Entertainment to Sell from Hold with a price target of C$0.50, down from C$1.20, after the company reported Q4 results that were “notably negative” both in terms of the quarterly results and the TV advertising guidance for the “seasonally significant” Q1. In light of the poor financial outlook, the company has suspended its dividend, the analyst noted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CJREF:
- Corus upgraded to Sector Perform from Underperform at National Bank
- CORUS ENTERTAINMENT ANNOUNCES FISCAL 2023 FOURTH QUARTER AND YEAR END RESULTS
- CJREF Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Corus Entertainment price target lowered to C$1.75 from C$2 at CIBC
- Corus downgraded to Underperform from Sector Perform at National Bank
